Volkswagen reported that its revenue for the first quarter of 2026 totaled 75.7 billion euros, representing a decrease of 2 percent compared to the previous year. Furthermore, the company announced that its operating profit dropped significantly by approximately 14 percent, reaching 2.5 billion euros, according to figures released by the automaker on Tuesday morning.
Overall vehicle sales decreased by 7 percent, falling to 2.0 million units. However, a notable bright spot was reported in the European order backlog, which increased by roughly 15 percent compared to the end of 2025. Volkswagen stated that the overall revenue decline was partially offset by strong performance in Europe and growth within its financial services segment.
The main causes cited for the decline in operating profits were special effects related to Brand Group Core and Brand Group Trucks, alongside higher tariffs in the US. The decrease in vehicle sales was particularly attributed to significant drops in China (-20 percent) and North America (-9 percent), declines that could not be balanced by growth in other regions. Conversely, sales saw increases in South America (+3 percent), Western Europe (+1 percent), as well as Central and Eastern Europe (+7 percent).
Looking ahead, the Volkswagen Group expects its total revenues for the full year 2026 to grow within the range of 0 to +3 percent compared to the previous year.
